Adelis Equity Partners

IonOpticks is a company focused on developing, manufacturing, and distributing advanced proteomics tools. It specializes in precision chromatography solutions tailored for analytical applications in medical research, including cancer and Parkinson's disease. The company offers high-performance nanoflow chromatography solutions, particularly in liquid chromatography coupled with mass spectrometry. This approach significantly enhances the sensitivity of mass spectrometry sample analysis, allowing researchers and clinicians to extract more information from their samples, thereby facilitating discoveries in various health-related fields.

Hedvig AB is an insurance provider based in Stockholm, Sweden, established in 2016. The company specializes in a range of insurance products, including home and contents insurance, as well as travel, accident, and car insurance. Hedvig offers a modern and customer-centric approach to insurance, focusing on providing a seamless experience with fast claims processing. Since its launch, Hedvig has expanded its presence across all Scandinavian countries, positioning itself as an EU-licensed carrier dedicated to enhancing the insurance experience for its clients.

netIP is a provider of information technology services based in Denmark, focusing on IT outsourcing, infrastructure, security, SharePoint, and consulting. The company aims to assist Danish businesses in making better decisions and delivering improved services while minimizing errors. By offering a range of IT solutions, netIP supports its clients in navigating the complexities of technology, ensuring they can optimize their operations and enhance productivity.

Westpack A/S is a manufacturer and supplier of high-quality, custom-made packaging solutions for the jewelry, watch, and eyewear markets. The company offers a diverse range of products, including jewelry boxes, displays, pouches, bags, and various packaging accessories such as ribbons and gift-wrapping materials. Its clientele includes jewelry shops, wholesalers, goldsmiths, and manufacturers, serving both online and physical retailers across Europe. Founded in 2001 and headquartered in Holstebro, Denmark, Westpack maintains sales offices in several European countries, including the United Kingdom, Sweden, and Germany. The company is recognized as a market leader in the specialist packaging sector, providing tailored solutions to meet the needs of small, medium, and large brands.

Pixelz is a provider of product image editing services designed for online retailers, bloggers, designers, photographers, and website developers. Established in January 2009 and based in San Francisco, California, the company offers various service packages, including SOLO, PRO Retailer, Pro Studio, and API, with pricing determined by the number of images processed. Pixelz aims to enhance photo studio workflows for brands and e-commerce retailers, providing tools that facilitate the creation and editing of customized images. By optimizing image quality, Pixelz helps clients improve their marketing efforts and boost online conversion rates.

Valamis is a developer of a digital learning platform that aims to enhance workforce development and learning experiences across various industries, including finance, insurance, and manufacturing. The platform facilitates formal, informal, social, and microlearning, providing tools for content authoring and management. Valamis also supports in-depth analytics through compliance with the xAPI standard and includes a built-in Learning Record Store (LRS) to track learning progress. By integrating learning technology with precise design and data science, Valamis offers organizations an effective solution for upskilling their workforce and managing global learning and development initiatives.

Säkra Limhamn AB is one of Sweden's largest independent chains in insurance brokerage, fund investing and financial advice.

Kanari is an independent provider of information technology performance solutions, specializing in monitoring, measuring, and analyzing IT performance across various sectors, including finance, manufacturing, retail, and energy. Established in 2011 and headquartered in Oslo, Norway, with additional offices in Sweden, Denmark, and Finland, Kanari enables large Nordic enterprises to gain control over their IT infrastructure and enhance the quality of their IT services. The company offers stability and performance analytics, application performance monitoring, and predictive analytics to prevent incidents and facilitate digital transformation. Kanari, formerly known as Red Ocean Technology AS until its rebranding in August 2020, serves as an "auditor" of IT environments, helping clients consolidate applications and automate tasks.

Axentia Technologies AB is a Swedish company based in Linköping, established in 2004. It specializes in the manufacturing and supply of autonomous real-time display systems designed for the public transport sector. The company offers a range of products, including the iBus display, which provides real-time information services, along with accessories such as text-to-speech systems and digital timetables. Axentia Technologies focuses on low-power electronics design, mobile network communication, and FM data broadcasting, ensuring that its display systems are both efficient and effective. Additionally, the company develops cost-effective alarm systems tailored for rescue organizations, further expanding its contributions to public safety and transport solutions.

Ropo Capital is a provider of comprehensive invoice management services that encompasses the entire receivables lifecycle, from invoice delivery to payment monitoring and management. The company specializes in automating the billing process, allowing clients, which range from small businesses to large corporations, to streamline their operations. Unlike competitors that focus on isolated aspects of invoicing, Ropo Capital offers an integrated solution that enhances efficiency and accelerates cash flow. By leveraging digitized processes and agile business models, Ropo Capital helps clients reduce manual tasks, thereby improving overall customer experience and financial outcomes. The company is known for its stability and strength while maintaining agility in its service delivery.

Ordrestyring.dk, founded in 2011 by Carsten Rasmussen in Copenhagen, Denmark, specializes in providing order management services tailored for craftsmen. The company initially began with a small group of customers who supported the development of its innovative program. Recognizing a significant demand among craftsmen for an efficient hourly management system, Ordrestyring.dk has since grown its offerings to help these professionals streamline their order management processes.

Didriksons AB, founded in 1913 and based in Borås, Sweden, specializes in manufacturing and supplying functional clothing and oil garments. Initially established as a producer of workwear for fishermen, the company has evolved into a leading brand in Scandinavia, offering a wide range of waterproof sportswear, jackets, tops, bottoms, coveralls, and accessories for women, men, youth, and children. Didriksons caters to various outdoor enthusiasts, including hunters, golfers, and fishermen, ensuring their customers remain dry and comfortable in all weather conditions. The company's products are primarily sold through retail stores in Sweden.

Hantverksdata Sverige AB specializes in developing and supplying software and services tailored for the construction and service sectors across the Nordic region. Founded in 1971 and based in Danderyd, Sweden, the company has over 45 years of experience in marketing ERP systems specifically for the building services industry. Hantverksdata offers management software designed for various trades, including electrical, plumbing, painting, and glass, as well as industrial solutions related to alarms, flooring, and lifts. The software features capabilities such as time planning, business modeling, staff management, and construction site monitoring, which help project managers enhance performance and quality. With a workforce of around 100 employees and a customer base of approximately 4,000 corporate clients, Hantverksdata serves around 35,000 users, demonstrating its significant presence in the market. The company's annual turnover is approximately SEK 165 million.

Generaxion is a leading digital marketing and consultancy firm based in Northern Europe, specializing in the digital transformation of businesses. With a team of over 350 skilled professionals operating across ten Demand Studios in Scandinavia, the company delivers tailored marketing solutions to small and medium-sized enterprises. Generaxion focuses on analyzing various marketing channels and providing local insights, ensuring that clients receive customized strategies that align with their unique needs. Having successfully driven demand for more than 8,000 companies, Generaxion is dedicated to helping businesses achieve their goals and realize their aspirations through effective digital marketing.

Nordentic is a manufacturer and designer of dental implants, operating dental laboratories in Sweden, Norway, and Denmark. The company focuses on dental technology, offering a range of products including fixed and removable prosthetics, implants, and orthodontics. By leveraging advanced technologies and materials, Nordentic provides high-quality solutions that enable dentists to address intraoral defects, such as missing teeth and structural issues within the jaw and palate. With a skilled team, Nordentic aims to deliver expertise across various areas of dental prosthetics, ensuring effective and innovative dental care solutions.

AddPro is a rapidly growing company that specializes in application and cloud integration services for businesses of all sizes. It provides a range of offerings, including application and integration services, IT infrastructure, security and communication solutions, cloud services, and consulting for both hardware and software. By focusing on digital innovation, AddPro enables its clients to enhance their operations and achieve greater efficiency through the development of smart, flexible, and cost-effective IT systems.

Knightec is a consulting firm that specializes in technology and digitalization services, focusing on innovation to enhance everyday life. The company offers comprehensive research and development services, guiding clients through the entire process from idea generation to the delivery of quality-assured, connected products. Knightec serves a diverse range of industries, including telecommunications, life sciences, automotive, defense, energy, and packaging. By introducing new business models based on customer value, the firm aims to improve product profitability and ensure quality assurance for its clients.

Quattro Mikenti Group is a prominent engineering contractor based in Finland, specializing in technical building services. The company operates through 13 specialized subsidiaries and employs over 450 professionals in the field. It offers a comprehensive range of services, including HVAC, plumbing, electrical, refrigeration, sprinkler installation, and security technology, catering to residential, commercial, industrial, and healthcare sectors. By partnering with developers and major construction firms, Quattro Mikenti Group ensures that projects are completed efficiently and within budget. Its extensive expertise and commitment to quality make it one of the largest technical building services contractors in Finland.

The combination of IT Relation, Front-data and DSI-NEXT, we have made four investments and three add-on acquisitions in Denmark since establishing Adelis less than three years ago. We are impressed by the three companies’ niche focus on small businesses, their consistent growth, and their strong cultures that make them leaders in this industry,” said Steffen Thomsen of Adelis. “This acquisition creates a strong platform for growth. We have experience with similar companies where we have focused on finding the best platform in terms of a scalable business model combined with a strong company culture and a skilled management team,” Joel Russ of Adelis added. ###The three businesses will continue activities under their own brands as part of the IT Relation Front-data Group### and have access to capital and knowledge that will make it possible to accelerate their positive business development.

SSI Diagnostica A/S is a Danish company that specializes in the development, production, and sale of in vitro diagnostic products. Founded in 1998 and based in Hillerød, Denmark, the company serves various sectors, including clinical microbiology, veterinary diagnostics, food safety, environmental monitoring, and hygiene control. SSI Diagnostica offers a range of products, including antisera and culture media produced in-house, as well as blood products sourced from its own farm. With a commitment to quality and innovation, the company distributes its diagnostic solutions both domestically and internationally, contributing to improved health outcomes across multiple industries.

Nordomatic is a Swedish company founded in 1967, recognized as a pioneer in providing brand-independent solutions for the real estate market. The company specializes in building management systems (BMS), energy optimization services, and system integration. By offering advanced control and monitoring systems, Nordomatic plays a crucial role in reducing energy consumption and enhancing indoor climates for property owners in Scandinavia. The company prides itself on its expertise and innovative approach, continuously advancing its services to meet the evolving needs of the real estate sector.

Puuilo, a mid-sized non-food retailer offering small hardware, gardening products, tools, machinery, leisure products, pet products, detergents and seasonal products.

Intersport Sweden is a retail chain specializing in sports apparel and equipment, established in 1974 and headquartered in Taberg, Sweden. The company operates a network of stores that provide a diverse range of products for various sports, including soccer, hockey, and cricket, among others. By offering a wide selection of sporting goods, Intersport Sweden aims to meet the needs of its customers, ensuring they have access to the appropriate equipment for their activities.

Med Group Oy is a healthcare company based in Vantaa, Finland, specializing in a wide range of services including ambulance, medical, oral healthcare, and home care. The company provides emergency ambulance services, responding to medical emergencies and facilitating non-emergency patient transfers. It offers comprehensive medical services across various sectors, including basic health care, school health services, maternity clinics, child health care, and elderly care. Additionally, Med Group provides personal assistant services, patient transport both domestically and internationally, and medical assistance for travelers, which encompasses consultations, treatment monitoring, and return transportation arrangements if necessary. The company also engages in public sector medical training, offers around-the-clock consultation and assistance, and supplies medical kits for first aid. Serving a diverse clientele that ranges from children to seniors, Med Group is committed to delivering essential healthcare services throughout Finland. Founded in 2007, the company has established a robust presence in the Finnish healthcare landscape.

Green Team Group specializes in the cultivation and distribution of Christmas trees and related services. The company employs a unique stratification system that optimizes the seeding process to enhance germination rates in the field. This approach allows Green Team Group to provide customers with robust and high-quality plants at competitive prices. In addition to tree cultivation, the company offers decoration services, catering to the needs of customers during the holiday season.

NGI A/S manufactures a range of machine feet in stainless steel and reinforced polyamide for adjustment, stabilization, and vibration absorption of all types of machines and equipment.

Logent is a contract logistics company based in Stockholm, Sweden, specializing in a comprehensive array of logistics solutions. The company provides logistics operations, transport management, and customs services, alongside staffing and recruitment for roles in warehousing, distribution, industry, and administration. Additionally, Logent recruits executives and specialists in supply chain management, procurement, and logistics. Their offerings extend to consultancy, port and terminal development, and training services, making them a versatile player in the logistics sector.

EITCO GmbH serves as a comprehensive consultancy for companies in the consumer product and food sectors, offering a streamlined approach to monitoring and analyzing critical public and internal information. The company specializes in designing effective work processes, particularly for public sector applications, and provides a full range of services from consulting and design to implementation and ongoing support. Additionally, EITCO develops its own open-source software platform aimed at enhancing specialist applications, thereby enabling businesses to improve their workflows and overall operational efficiency.